Wed.Nov 22, 2023

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Understanding RFP, RFQ, and RFI: A Comprehensive Guide

ProcurePort

In the dynamic landscape of business and procurement, acronyms like RFP, RFQ, and RFI are commonplace. These terms, standing for Request for Proposal, Request for Quotation, and Request for Information, respectively, play pivotal roles in the procurement process. If you find yourself navigating these waters for the first time or looking to deepen your understanding, […] The post Understanding RFP, RFQ, and RFI: A Comprehensive Guide appeared first on ProcurePort Blog.

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Using Machine Learning to Smartly Stock Grocery Stores

SCMR (Supply Chain Management Review)

Professor Kevin Shang of Duke University’s Fuqua School of Business has developed a machine-learning solution to allow grocers to stock optimal amounts of perishable food in their supply chains.

professionals

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Climate Activists Call for Cleaner EV Supply Chains During LA Auto Show

Supply Chain Brain

Demonstrators from Mighty Earth and Youth Climate Strike LA dressed in red “Squid Game” suits and staged a “die-in” at the LA Auto Show November 18.

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Walmart adding parcel stations for faster delivery, greater density

Supply Chain Dive

The retailer plans to have more than 40 stations, described as mini post offices, in its stores by the end of 2023.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

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Binance Founder Pleads Guilty to Money Laundering Violations

Supply Chain Brain

As part of Zhao’s guilty plea, he agreed to pay a $50 million fine and announced he would be stepping away from his role as the company’s CEO.

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S&P turns negative on Clorox after cyberattack causes shortages

Supply Chain Dive

As the CPG company recovers from significant operational disruptions, analysts warned rebuilding inventory and distribution could be a lengthy process.

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Procurement leaders are prioritizing ESG, but gathering data is ‘increasingly painstaking’: report

Supply Chain Dive

Along with informational challenges, buyers said that they have difficulty finding sustainable suppliers, according to a recent survey released by Amazon.

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Permutable AI Ranks Companies with Best and Worst Deforestation Practices

Supply Chain Brain

Nestlé ended up with the highest score on Permutable AI’s list while JBS registered the lowest ranking on the list with a score of -151.

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Are You A Victim of Data Delinquency?

Procurement Insights

EDITOR’S NOTE: A few days ago, SPICE Technology Group’s Neel Sharma wrote a post on LinkedIn titled “Vendor Item Data, New Item Setup Process and the Impact on Procure-to-Pay.” Check it out using the link above – it is an interesting read. As usual, articles like the one above bring back memories of real-world examples that I use to create context and, hopefully, greater understanding.

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CargoNet Warns of Extremely High Theft Activity During Thanksgiving

Supply Chain Brain

Between October 1, 2023 and November 11, 2023, the average number of recorded theft reports increased to 66 reports per week.

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Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

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Procurement News — November 22, 2023

CPO Rising

Welcome to Procurement News, part of our ongoing aggregate news series covering recent supply management headlines and trends pertinent to Chief Procurement Officers and other procurement leaders. Contact us with your news story here.

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‘No Sign’ of Terrorism Seen in Car Blast at U.S.-Canada Border

Supply Chain Brain

Rainbow Bridge, which bans commercial traffic and mainly serves tourists, remains closed indefinitely.

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The advantages and disadvantages of ERP systems

IBM Supply Chain Blog

Enterprise resource planning (ERP) solutions offer organizations a one-stop-shop for managing daily operations. The business management software has gained popularity in the business world as organizations try to keep up with the changing landscape. As with most business solutions, there are advantages and disadvantages of ERP systems to consider. It’s important to understand how enterprise resource planning can work for an organization and its capabilities at a granular level.

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Washington Macy’s Workers Planning Black Friday Strike

Supply Chain Brain

400 Macy’s employees working in the state of Washington are planning strike actions Black Friday after 96% of workers voted in favor of striking back in October 2023.

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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

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Winning the cloud game: Phoning the right friend to answer the cloud optimization question

IBM Supply Chain Blog

Cloud optimization is essential as organizations look to accelerate business outcomes and unlock the value of their data. At its core, cloud optimization is the process of correctly selecting and assigning the right resources to a workload or application. But cloud optimization is also a lifecycle process that balances performance, compliance and cost to achieve efficiency.